Europe Public Cloud Market Size & Outlook, 2023-2030

The public cloud market in Europe is expected to reach a projected revenue of US$ 99,333.0 million by 2030. A compound annual growth rate of 12.6% is expected of Europe public cloud market from 2024 to 2030.
Revenue, 2023 (US$M)
$43,207.8
Forecast, 2030 (US$M)
$99,333.0
CAGR, 2024 - 2030
12.6%
Report Coverage
Europe

Europe public cloud market highlights

  • The Europe public cloud market generated a revenue of USD 43,207.8 million in 2023.
  • The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
  • In terms of segment, software as a service (saas) was the largest revenue generating service in 2023.
  • Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.
  • Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 43,207.8 million
Market revenue in 2030USD 99,333.0 million
Growth rate12.6% (CAGR from 2023 to 2030)
Largest segmentSoftware as a service (saas)
Fastest growing segmentInfrastructure as a Service (IaaS)
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInfrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)
Key market players worldwideAlibaba Group Holding Ltd ADR, Amazon.com Inc, Adobe Inc, Alphabet Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Salesforce Inc, SAP SE, Workday Inc Class A

Other key industry trends

  • In terms of revenue, Europe region accounted for 19.9% of the global public cloud market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 107,812.2 million by 2030.

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Public Cloud Market Companies

Name Profile # Employees HQ Website

Europe public cloud market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to public cloud market will help companies and investors design strategic landscapes.


Software as a service (saas) was the largest segment with a revenue share of 55.03% in 2023. Horizon Databook has segmented the Europe public cloud market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.


  • Europe Public Cloud Service Outlook (Revenue, USD Million, 2018-2030)
    • Infrastructure as a Service (IaaS)
    • Platform as a Service (PaaS)
    • Software as a Service (SaaS)
  • Europe Public Cloud Application Outlook (Revenue, USD Million, 2018-2030)
    • BFSI
    • IT & Telecom
    • Retail & Cosumer Goods
    • Others
    • Government & Hybrid Sector
    • Government & Private Sector
    • Government & Public Sector
    • Media & Entertainment
    • Healthcare
    • Energy & Utilities
    • Manufacturing
  • Europe Public Cloud Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
    • Large Enterprises
    • Small & Medium Enterprises

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Target buyers of Europe public cloud market databook

  • Our clientele includes a mix of public cloud market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe public cloud market , including forecasts for subscribers. This continent databook contains high-level insights into Europe public cloud market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe public cloud market size, by country, 2018-2030 (US$M)

Europe Public Cloud Market Outlook Share, 2023 & 2030 (US$M)

Europe public cloud market size, by country, 2018-2030 (US$M)

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